Manorville, NY Dave Carswell, managing director at the Largo Group of Companies, secured a $4.5 million cash-out, non-recourse loan to refinance a 21,000 s/f medical-anchored plaza.
The property is 95% occupied with an array of tenants including Long Island Urgent Care, a liquor store, pizzeria, bagel shop, and more.
The loan featured a 90 day rate lock and was closed more than six months before the anchor tenant will take occupancy.
The property is located off NY-27 the main east/west highway in southern Long Island.
Thanks for Reading!
You've read 2 of your 3 guest articles
Register and get instant unlimited access to all of our articles online.
Sign up is quick, easy, & FREE.
Subscription Options
Sign up is quick, easy, & FREE.
Already have an account? Login here